Matches in SemOpenAlex for { <https://semopenalex.org/work/W2488440109> ?p ?o ?g. }
Showing items 1 to 92 of
92
with 100 items per page.
- W2488440109 abstract "A capital market comprises two main parts — the new issue or primary market, and the trading or secondary market. The primary market is the mechanism through which new savings are mobilised and through which new securities are distributed. The secondary market is simply an exchange, where no new funds are raised. In a market in which securities are widely held, a well functioning secondary market is of crucial importance. In the first place active trading markets are indispensable to the effective marketing of new issues. In the second place, trading in outstanding securities is important in its own right, because wealthholders’ constant efforts to optimise their satisfactions from their portfolios are facilitated through ease of acset shifts. A capital market is thus a network of facilities for transferring long-term claims which provides a means for readjusting a given stock of financial assets and liabilities as well as a means for augmenting the flow of loanable funds, i.e. adding to the stock of financial assets and liabilities. The only case where a new issue market functions without a secondary market to back it up is in the case of a true private placement market where a complete security issue is placed with one or a small number of institutions for long-term investment purposes, i.e. where the liabilities corresponding to the assets are of a long-term nature and their timing and amount can be calculated, say, actuarially. Even in this case however, without a secondary market in similar securities (the public issue markets) it would be almost impossible to know what was the correct yield at which to sell such securities. Quick and cheap marketability of securities is a fundamental prerequisite to the raising of large amounts of funds directly from ultimate lenders who require that their investments remain liquid." @default.
- W2488440109 created "2016-08-23" @default.
- W2488440109 creator A5009916312 @default.
- W2488440109 date "1975-01-01" @default.
- W2488440109 modified "2023-09-26" @default.
- W2488440109 title "The Eurobond Secondary Market and Clearing System" @default.
- W2488440109 doi "https://doi.org/10.1007/978-1-349-02603-6_6" @default.
- W2488440109 hasPublicationYear "1975" @default.
- W2488440109 type Work @default.
- W2488440109 sameAs 2488440109 @default.
- W2488440109 citedByCount "0" @default.
- W2488440109 crossrefType "book-chapter" @default.
- W2488440109 hasAuthorship W2488440109A5009916312 @default.
- W2488440109 hasConcept C10138342 @default.
- W2488440109 hasConcept C143910263 @default.
- W2488440109 hasConcept C144133560 @default.
- W2488440109 hasConcept C151730666 @default.
- W2488440109 hasConcept C15241564 @default.
- W2488440109 hasConcept C162324750 @default.
- W2488440109 hasConcept C162775986 @default.
- W2488440109 hasConcept C182306322 @default.
- W2488440109 hasConcept C183582576 @default.
- W2488440109 hasConcept C185243290 @default.
- W2488440109 hasConcept C195534400 @default.
- W2488440109 hasConcept C197142791 @default.
- W2488440109 hasConcept C200870193 @default.
- W2488440109 hasConcept C206913280 @default.
- W2488440109 hasConcept C26850371 @default.
- W2488440109 hasConcept C2780299701 @default.
- W2488440109 hasConcept C2780762169 @default.
- W2488440109 hasConcept C33400823 @default.
- W2488440109 hasConcept C34375142 @default.
- W2488440109 hasConcept C34447519 @default.
- W2488440109 hasConcept C51926234 @default.
- W2488440109 hasConcept C61047874 @default.
- W2488440109 hasConcept C64589626 @default.
- W2488440109 hasConcept C73283319 @default.
- W2488440109 hasConcept C86803240 @default.
- W2488440109 hasConcept C90994476 @default.
- W2488440109 hasConceptScore W2488440109C10138342 @default.
- W2488440109 hasConceptScore W2488440109C143910263 @default.
- W2488440109 hasConceptScore W2488440109C144133560 @default.
- W2488440109 hasConceptScore W2488440109C151730666 @default.
- W2488440109 hasConceptScore W2488440109C15241564 @default.
- W2488440109 hasConceptScore W2488440109C162324750 @default.
- W2488440109 hasConceptScore W2488440109C162775986 @default.
- W2488440109 hasConceptScore W2488440109C182306322 @default.
- W2488440109 hasConceptScore W2488440109C183582576 @default.
- W2488440109 hasConceptScore W2488440109C185243290 @default.
- W2488440109 hasConceptScore W2488440109C195534400 @default.
- W2488440109 hasConceptScore W2488440109C197142791 @default.
- W2488440109 hasConceptScore W2488440109C200870193 @default.
- W2488440109 hasConceptScore W2488440109C206913280 @default.
- W2488440109 hasConceptScore W2488440109C26850371 @default.
- W2488440109 hasConceptScore W2488440109C2780299701 @default.
- W2488440109 hasConceptScore W2488440109C2780762169 @default.
- W2488440109 hasConceptScore W2488440109C33400823 @default.
- W2488440109 hasConceptScore W2488440109C34375142 @default.
- W2488440109 hasConceptScore W2488440109C34447519 @default.
- W2488440109 hasConceptScore W2488440109C51926234 @default.
- W2488440109 hasConceptScore W2488440109C61047874 @default.
- W2488440109 hasConceptScore W2488440109C64589626 @default.
- W2488440109 hasConceptScore W2488440109C73283319 @default.
- W2488440109 hasConceptScore W2488440109C86803240 @default.
- W2488440109 hasConceptScore W2488440109C90994476 @default.
- W2488440109 hasLocation W24884401091 @default.
- W2488440109 hasOpenAccess W2488440109 @default.
- W2488440109 hasPrimaryLocation W24884401091 @default.
- W2488440109 hasRelatedWork W1497711014 @default.
- W2488440109 hasRelatedWork W1619200390 @default.
- W2488440109 hasRelatedWork W165936233 @default.
- W2488440109 hasRelatedWork W184865174 @default.
- W2488440109 hasRelatedWork W1880588451 @default.
- W2488440109 hasRelatedWork W2096137112 @default.
- W2488440109 hasRelatedWork W2137382589 @default.
- W2488440109 hasRelatedWork W2143516295 @default.
- W2488440109 hasRelatedWork W2154151003 @default.
- W2488440109 hasRelatedWork W224761386 @default.
- W2488440109 hasRelatedWork W2278520290 @default.
- W2488440109 hasRelatedWork W237100976 @default.
- W2488440109 hasRelatedWork W2505274894 @default.
- W2488440109 hasRelatedWork W2596652912 @default.
- W2488440109 hasRelatedWork W2619500394 @default.
- W2488440109 hasRelatedWork W2787148119 @default.
- W2488440109 hasRelatedWork W2993706122 @default.
- W2488440109 hasRelatedWork W3121558813 @default.
- W2488440109 hasRelatedWork W3121622364 @default.
- W2488440109 hasRelatedWork W3181091679 @default.
- W2488440109 isParatext "false" @default.
- W2488440109 isRetracted "false" @default.
- W2488440109 magId "2488440109" @default.
- W2488440109 workType "book-chapter" @default.